A company using perpetual FIFO has the following data for August: Beginning inventory: 150 units...
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A company using perpetual FIFO has the following data for August: Beginning inventory: 150 units purchased on July 15 for $11 each, and 200 units purchased on July 25 for $12 each August 2Sale of 80 units for $25 each August 5: Purchase of 100 units for $13 each What is the company's gross profit for the sale on August 2
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